Globally, the economy is on the rebound, particularly in Europe, which had been pulling down international growth but is now seeing an upswing, while growth is beginning to slow in many emerging markets.

However, political tensions across Eastern Europe and the Middle East may limit markets reaching their maximum potential and shift global growth estimates ahead to more muted increases.

Sources: Bloomberg,PPR

While rents have jumped higher in the CBDs, rent growth is present in the inner ring of the suburbs surrounding transit-oriented, amenity-rich and/or walkable environments; however, rents continue to bounce up and down from bottom in the outer ring of the suburbs based on a glut of options and shrinking demand.